Ramen sales boom as South Korea goes bust

Posted By Blake Hounshell Thursday, December 11, 2008 - 9:26 PM Share

Looking for a safe harbor to park your cash? Invest in Korean ramen. Bloomberg:

[South Korea's] economic woes are helping sales of instant noodles called "ramyeon," which typically cost about 68 cents a pot. Sales rose 38 percent in October compared with the same period last year, according to the 24-hour convenience store chain FamilyMart. Shares of Nong Shim, which makes the nation's best-selling brand of ramyeon, gained 17 percent in the past month.

Sales of cigarettes and condoms are up, too.

EXPLORE:EAST ASIA, BUSINESS, ECONOMICS
 
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